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A startup’s initial business plan dictates how things will unfold, at least for the first few months. Moreover, these are the months that decide whether the business will fail or succeed. So construct your business plan carefully, as it will be the foundation of your business.
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More than 4.4 million startups were created in 2020. And that’s just counting US businesses that made it to registration. The numbers are even more astonishing when we look on a global scale.
Of course, all these businesses start with certain core ideas. What’s more, these ideas are never built around the principles of loss, failure, or bankruptcy. They’re always built around a positive hope of making profits and